Jamaica designated as Excelerate LNG's regional hub for operations
Excelerate Energy, a leading provider of liquefied natural gas (LNG) solutions, has completed the acquisition of assets in Jamaica. This acquisition marks a significant strategic inflection point for the company, as it aligns with Excelerate Energy's growth strategy of owning and operating downstream infrastructure assets.
The acquisition includes the Montego Bay and Old Harbour LNG terminals, as well as small-scale LNG storage and regasification sites across the island. Additionally, the Clarendon combined heat and power plant is also part of the deal.
The Jamaica assets will serve as a regional hub for LNG distribution across the Caribbean, further expanding Excelerate Energy's footprint in the region. This acquisition follows a precedent set in March with a deal with New Fortress Energy.
Subscribing to gasworld provides insight into the comprehensive coverage of this acquisition and the in-depth content related to it. However, the search results do not currently provide the name of the person coordinating the LNG delivery in the Caribbean area for Excelerate Energy's newly acquired assets in Jamaica.
Excelerate Energy's business model now reflects a long-held ambition to own and operate downstream infrastructure assets. This acquisition is a testament to the company's commitment to this strategy, and it is expected to contribute significantly to Excelerate Energy's growth and operations in the future. The acquisition was completed in May.
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